This is topic What happened to $4 gas? in forum General Talk at Northern California Ford Owners  .


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Posted by BCINGUU (Member # 2397) on :
 
Seems like only a month ago we were talking about how $4 gas was right around the corner. For a long time, it hovered in the high $3s. Now it's blown way past $4 and is well on the way to $5 with no end in sight!

After anticipating the $4 mark for so long, it seems like there is no barrier anymore. WTF.



[ June 04, 2008, 12:16 PM: Message edited by: BCINGUU ]
 

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Posted by Hyperider (Member # 5936) on :
 
yeah this is really sickening and it's still going up! can't imagine in the future at $10 a gallon! Omg! by then my cobra will be a permanent decoration in the garage! lol! i'll move to the specialized bicycles forum by then!
 

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Posted by Jdub07 (Member # 2728) on :
 
Was watching some program the other day and it said there is no way to know excactly how much oil is in the earth but with some simple calculations on the planets history it is impossible that we have consummed even HALF of what the earth contains.
 

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Posted by BCINGUU (Member # 2397) on :
 
Yeah, I get the feeling there is more going on here than supply and demand. I highly doubt anything significant has happened to our oil supply in the last 30 days.
 

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Posted by 532Fastback (Member # 1482) on :
 
Yesterday it was 4.17 a gallon for 87, today when i filled up 4.29 a gallon! It went up a shitload in one day
 

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Posted by BLK35th (Member # 4685) on :
 
get ready for the $8 gallon by the end of the year.
 

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Posted by 88DroptopGT (Member # 2535) on :
 
Remember the gas shortage of the 70's?

That was 30 years ago!

This price gouging is incredible. I have to fill up today..
 

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Posted by 03White_Venom (Member # 2805) on :
 
Double post..

[ June 04, 2008, 04:18 PM: Message edited by: 03White_Venom ]
 

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Posted by 03White_Venom (Member # 2805) on :
 
Watched the news today... "experts" say that we should expect it to raise up to $5 by the peak of summer with all the traveling people will do. Its total BS.. someone is sitting rich of this crap!
 

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Posted by TwoTone91GT (Member # 7254) on :
 
yea people are sitting rich... but while gas prices are going up owners bulk prices also go up ...go figure
 

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Posted by 86BackInBlack (Member # 5372) on :
 
http://jalopnik.com/394954/fire-at-kansas-city-magellan-oil-refinery-gets-out-of-hand-threatens-to-shoot-gas-higher-than-price-of-strip-steak
 

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Posted by 166 Merlot (Member # 1549) on :
 
at least there's less traffic
 

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Posted by 532Fastback (Member # 1482) on :
 

quote:

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Originally posted by Jdub07:
Was watching some program the other day and it said there is no way to know excactly how much oil is in the earth but with some simple calculations on the planets history it is impossible that we have consummed even HALF of what the earth contains.

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I agree, i highly doubt we are even half way close to running out of crude. The Oil companies just realized back in the 90s that nothing can stop them from raising their oil prices if they slow their production down or say we're running out to create a scare. They learned from the 70s that they have total control over gas prices.
 

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Posted by SF89lLx (Member # 3965) on :
 
wasnt us going into iraq and afghanistan supposed to bring the prices down???? FUCK THIS.,. HOW HIGH DOES IT NEED TO GO BEFORE WE JUST RIOT???
 

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Posted by Jdub07 (Member # 2728) on :
 

quote:

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Originally posted by SF89lLx:
wasnt us going into iraq and afghanistan supposed to bring the prices down???? FUCK THIS.,. HOW HIGH DOES IT NEED TO GO BEFORE WE JUST RIOT???

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quote:

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Originally posted by 532Fastback:

quote:

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Originally posted by Jdub07:
Was watching some program the other day and it said there is no way to know excactly how much oil is in the earth but with some simple calculations on the planets history it is impossible that we have consummed even HALF of what the earth contains.

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I agree, i highly doubt we are even half way close to running out of crude. The Oil companies just realized back in the 90s that nothing can stop them from raising their oil prices if they slow their production down or say we're running out to create a scare. They learned from the 70s that they have total control over gas prices.

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quote:

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Originally posted by Luke87GT:
Gas going into your car is one thing, but people often forget that gas is energy, and therefore it affects everything you buy.

Food, clothes, furniture, electronics, entertainments, services, etc etc etc. Its a transient world. All those things mentioned above need to get to a you before you can use them. UPS, Fedex, USPS, all airlines, every mode of transportation is affected as well.

The filling up my car part is the least of my worries. Its that gas prices affect the price of everything else we as people require.

From 1997-2005, I drove V8s on a daily basis. Now the Mustang is in the garage, and I am trying to get the most out of my 2.3L Pickup lol. 25mpg is hurting, lol

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Ive been telling all my friends the same thing, the problem is most men dont shop so they dont see the rising prices of other normal things. Its not just the comuters that see the cost its every shipping company nation wide. Everything you buy needs "energy"-gas to get it where it is. We are only $5 a gallon away from being a 3rd world country. Is it a new form of terrorism? What would you do if it was $10 a gallon?
 

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Posted by iceman302 (Member # 7180) on :
 
The fact of the matter is that there is a lot more going on than supply and demand. With the higher prices, the demand for oil has actually reduced for the first time in more than a decade. The supply/demand price of oil is right at $65-$70 a barrel... exactly where it was about a year ago. Nothing in the world has happened on the supply or demand side to double it in a year's time. The main problem is speculation. The weaker dollar is also causing gas prices to spike as it becomes cheaper for investors in countries with stronger currencies to buy oil. BTW, the inflation derived price of a gallon of gas going back to the 60's is $2.21 (excluding the increased world demand). I also predict that oil will be back under $100 by the end of the year.
 

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Posted by Venomized93 (Member # 55) on :
 
Here you go, check this one out.

I took this one the other day in San Mateo right off 92 exit. This gas station is fucking crazy. This guy is .75-$1.00 more than anyone else at anytime of the year.

[ June 06, 2008, 02:37 AM: Message edited by: Venomized93 ]
 

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Posted by aslowdodge (Member # 854) on :
 
yeah but if he leaves it like that for a week or so he'll probably be a buck less than everyone else.
 

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Posted by Venomized93 (Member # 55) on :
 

quote:

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Originally posted by aslowdodge:
yeah but if he leaves it like that for a week or so he'll probably be a buck less than everyone else.

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quote:

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Originally posted by Dave50:

quote:

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Originally posted by Luke87GT:
Gas going into your car is one thing, but people often forget that gas is energy, and therefore it affects everything you buy.

Food, clothes, furniture, electronics, entertainments, services, etc etc etc. Its a transient world. All those things mentioned above need to get to a you before you can use them. UPS, Fedex, USPS, all airlines, every mode of transportation is affected as well.

The filling up my car part is the least of my worries. Its that gas prices affect the price of everything else we as people require.

From 1997-2005, I drove V8s on a daily basis. Now the Mustang is in the garage, and I am trying to get the most out of my 2.3L Pickup lol. 25mpg is hurting, lol

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Is it a new form of terrorism?

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http://www.youtube.com/watch?v=G1EXKLVgEx0
 

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Posted by Jdub07 (Member # 2728) on :
 
BUY AMERICAN MADE PRODUCTS and there will be less transportation fee's but we never do. We buy cheap china made shit and just fire our own people in the process.

I'm just waiting for a big meteor to come wipe people off the face of the earth so this poor planet can get a new start. people suck

ps. drove the mustang to work today lol fuck gas
 

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Posted by BCINGUU (Member # 2397) on :
 
Holy shit, I bet that station is EMPTY of customers.
 

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Posted by Venomized93 (Member # 55) on :
 

quote:

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Originally posted by BCINGUU:
Holy shit, I bet that station is EMPTY of customers.

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quote:

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Originally posted by iceman302:
The fact of the matter is that there is a lot more going on than supply and demand. With the higher prices, the demand for oil has actually reduced for the first time in more than a decade. The supply/demand price of oil is right at $65-$70 a barrel... exactly where it was about a year ago. Nothing in the world has happened on the supply or demand side to double it in a year's time. The main problem is speculation. The weaker dollar is also causing gas prices to spike as it becomes cheaper for investors in countries with stronger currencies to buy oil. BTW, the inflation derived price of a gallon of gas going back to the 60's is $2.21 (excluding the increased world demand). I also predict that oil will be back under $100 by the end of the year.

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quote:

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Originally posted by Venomized93:
Here you go, check this one out.

I took this one the other day in San Mateo right off 92 exit. This gas station is fucking crazy. This guy is .75-$1.00 more than anyone else at anytime of the year.

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For shits and giggles (NOT REALLY ) I'm gonna update this gas stations prices weekly, Hahaha, just see how crazy this guy is. I pass this gas station several times a week.
 

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Posted by solbrothers (Member # 7524) on :
 
:typical mustang owner: fuck it. im not gonna change my driving habits. im just gonna romp on my gas pedal and suck down the gas :/typical mustang owner:
 

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Posted by Eddie510- (Member # 2354) on :
 

quote:

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Originally posted by solbrothers:
:typical mustang owner: fuck it. im not gonna change my driving habits. im just gonna romp on my gas pedal and suck down the gas :/typical mustang owner:

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typical faggot with a FIT
 

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Posted by solbrothers (Member # 7524) on :
 

quote:

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Originally posted by Venomized93:

quote:

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Originally posted by BCINGUU:
Holy shit, I bet that station is EMPTY of customers.

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NOPE, everytime I drive by I see 2-3 dumbfucks pumping gas. While they are two gas stations about 2 blocks away .75 cents cheaper.

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quote:

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Originally posted by Eddie510-:

quote:

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Originally posted by solbrothers:
:typical mustang owner: fuck it. im not gonna change my driving habits. im just gonna romp on my gas pedal and suck down the gas :/typical mustang owner:

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typical faggot with a FIT

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Posted by iceman302 (Member # 7180) on :
 

quote:

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Originally posted by 532Fastback:

quote:

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Originally posted by iceman302:
The fact of the matter is that there is a lot more going on than supply and demand. With the higher prices, the demand for oil has actually reduced for the first time in more than a decade. The supply/demand price of oil is right at $65-$70 a barrel... exactly where it was about a year ago. Nothing in the world has happened on the supply or demand side to double it in a year's time. The main problem is speculation. The weaker dollar is also causing gas prices to spike as it becomes cheaper for investors in countries with stronger currencies to buy oil. BTW, the inflation derived price of a gallon of gas going back to the 60's is $2.21 (excluding the increased world demand). I also predict that oil will be back under $100 by the end of the year.

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why do you think oil prices will be back to 100 dollars by the end of the year?

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Exactly what I stated above. I think that the speculation bubble will deflate. I wish it would burst to return oil prices to the $65-$70 a barrel they should be at it, but I think that will take a year minimum and may never get all the way back since world demand is increasing. Demand here in the U.S., the largest user of oil currently, has actually decreased as gas prices have risen dramatically. Any time that you see the price of a commodity double in less than a year's time, you can bet there's more going on than just an increase in demand or a decrease in supply.
 

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Posted by Insurance Dude (Member # 8241) on :
 
i know it is more expensive now but at least now we can weed out all the not so die hard mustang drivers. i do not like paying more at the pump but i do like that now i am ususally the only stang at the pump.
 

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Posted by StrokdNblownLX (Member # 5549) on :
 
5.60 in san mateo yoooooooooo

WTF
 

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Posted by 88DroptopGT (Member # 2535) on :
 

 

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Posted by BCINGUU (Member # 2397) on :
 
WASHINGTON (CNN) -- Before departing the White House early Monday for a farewell tour of Europe, President Bush stole a page from his predecessor and suggested he feels American consumers' pain.


Democrats and Republicans are deadlocked over how to address the rising gas prices.

"A lot of Americans are concerned about our economy," Bush said. "I can understand why. Gasoline prices are high, energy prices are high. I do remind them that we have put a stimulus package forward that is expected to help boost the economy. And of course, we'll be monitoring the situation."

Americans are looking for more action, though, than monitoring the situation.

But while gas prices keep soaring, the chances of Washington finding a solution keep dropping because Democrats and Republicans are deadlocked over how to fix the problem.

Bush talks mostly about increasing supply through more oil drilling in places like Alaska's Arctic National Wildlife Refuge.

"I've proposed to the Congress that they open up ANWR, open up the Continental Shelf, and give this country a chance to help us through this difficult period by finding more supplies of crude oil, which will take the pressure off the price of gasoline," Bush said Monday.

But Democrats like House Speaker Nancy Pelosi are vehemently opposed to increasing production on environmental grounds, so the president's plan has virtually no chance of passage in the current Congress.


In turn, Democrats talk mostly about lowering demand for gasoline through research into alternative fuels -- something the president talks about too -- and more funds for mass transit.

"It's got to involve investing in alternative fuels, so that we can have some alternatives to gas and significant investment in public transit," Virginia Gov. Tim Kaine, a key supporter of Barack Obama's presidential bid, said Sunday.

These types of plans will take a long time to implement, so no quick fix there either.

And with the federal government now more than $9 trillion in debt, where would Congress find the money to pour into public transit and research into alternative fuels?

With the parties deeply divided on solutions, it's not surprising that last week a Senate bill requiring major cuts in greenhouse-gas emissions failed.

Only 48 of 100 senators voted for it amid charges by White House press secretary Dana Perino that the bill would have a devastating impact on the economy and thus might not really help cut the price in gasoline.

But six absent senators, including Obama and Republican John McCain, said they would have voted yes to end debate and move forward on the bill. That led some in Congress to declare that Congress will have the momentum to take action next year on reducing America's dependence on foreign oil.


All that means, however, is that there's optimism the next president might be able to find an energy compromise in 2009.

In other words, don't expect any help from Washington any time soon.

http://www.cnn.com/2008/POLITICS/06/09/bush.congress/index.html
 

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Posted by Jdub07 (Member # 2728) on :
 

quote:

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Originally posted by Insurance Dude:
i know it is more expensive now but at least now we can weed out all the not so die hard mustang drivers. i do not like paying more at the pump but i do like that now i am ususally the only stang at the pump.

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Drove mine to work again today just because its fun. However I did ride the bike yesterday and plan to the rest of the week.
 

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Posted by Venomized93 (Member # 55) on :
 
Here is an update of that gas station in San Mateo that was pictured earlier in this post. It went up again. This guy is LOONEY


 

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Posted by Bronco Man (Member # 8401) on :
 
Ya I never buy shell, besides always being the most expensive, I had a problem once with my 65" miget, besides being British. It was convenient because it was 2 blocks from my house. It got all clogged up with crap from their tanks and kept jamming up my fuel pump. I had to pull the tank and have it coated inside. They had to buy a new engine for a friend of mines BMW. I never bought gas there again.
 

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Posted by iron281 (Member # 80) on :
 
http://www.powerlineblog.com/GasChart51.php

[ June 12, 2008, 08:51 AM: Message edited by: iron281 ]
 

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Posted by NiftyWhiteFifty (Member # 4320) on :
 

quote:

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Originally posted by iron281:
http://www.powerlineblog.com/GasChart51.php

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Haha. ahhh it's so true

[ June 13, 2008, 06:55 AM: Message edited by: NiftyWhiteFifty ]
 

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Posted by BCINGUU (Member # 2397) on :
 
Yeah, but we've had a Republican administration for the last 8 years... And that's when the gas prices have been going up? Are we expecting the Republicans to change their behavior?
 

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Posted by iceman302 (Member # 7180) on :
 

quote:

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Originally posted by iceman302:
The fact of the matter is that there is a lot more going on than supply and demand. With the higher prices, the demand for oil has actually reduced for the first time in more than a decade. The supply/demand price of oil is right at $65-$70 a barrel... exactly where it was about a year ago. Nothing in the world has happened on the supply or demand side to double it in a year's time. The main problem is speculation. The weaker dollar is also causing gas prices to spike as it becomes cheaper for investors in countries with stronger currencies to buy oil. BTW, the inflation derived price of a gallon of gas going back to the 60's is $2.21 (excluding the increased world demand). I also predict that oil will be back under $100 by the end of the year.

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quote:

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Originally posted by iceman302:

quote:

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Originally posted by iceman302:
The fact of the matter is that there is a lot more going on than supply and demand. With the higher prices, the demand for oil has actually reduced for the first time in more than a decade. The supply/demand price of oil is right at $65-$70 a barrel... exactly where it was about a year ago. Nothing in the world has happened on the supply or demand side to double it in a year's time. The main problem is speculation. The weaker dollar is also causing gas prices to spike as it becomes cheaper for investors in countries with stronger currencies to buy oil. BTW, the inflation derived price of a gallon of gas going back to the 60's is $2.21 (excluding the increased world demand). I also predict that oil will be back under $100 by the end of the year.

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I'm a bonafide Nostradamus! And over 3 months ahead of the end of the year.

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my prediction is oil prices wil go back over 100 and gas prices will go back up to 4.00 a gallon after nov 3rd.
 

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Posted by Blue Oval (Member # 2548) on :
 
you guys need to fill up in sac... ive been paying around 3.55 a gallon for the past 4 weeks now
 

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Posted by jaejae (Member # 7958) on :
 
i say we riot
 

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Posted by iceman302 (Member # 7180) on :
 

quote:

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Originally posted by 532Fastback:

quote:

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Originally posted by iceman302:

quote:

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Originally posted by iceman302:
The fact of the matter is that there is a lot more going on than supply and demand. With the higher prices, the demand for oil has actually reduced for the first time in more than a decade. The supply/demand price of oil is right at $65-$70 a barrel... exactly where it was about a year ago. Nothing in the world has happened on the supply or demand side to double it in a year's time. The main problem is speculation. The weaker dollar is also causing gas prices to spike as it becomes cheaper for investors in countries with stronger currencies to buy oil. BTW, the inflation derived price of a gallon of gas going back to the 60's is $2.21 (excluding the increased world demand). I also predict that oil will be back under $100 by the end of the year.

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I'm a bonafide Nostradamus! And over 3 months ahead of the end of the year.

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my prediction is oil prices wil go back over 100 and gas prices will go back up to 4.00 a gallon after nov 3rd.

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Not likely. The US accounts for 25% of the world's consumption of oil. From November of '07 to May '08, 40.5 BILLION fewer miles driven by US consumers. That figure has been revised up since then. Demand was down 7% in September this year compared to last year... a difference of nearly 1.5 million barrels a day.

The slump in energy demand has accelerated beyond the U.S. In India, domestic oil product sales totaled 2.41 million barrels per day in August, the lowest level this year, according to Barclays Capital research. In the same month, Japan's oil demand fell by 8.4 percent.

I think that it will probably trade in the mid to low 80's by the end of the year now.
 

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Posted by AL STOCK (Member # 1852) on :
 
I don't know about you guys, i just passed by a Chevron that's $3.70 per gallon.


 

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Posted by MustangNate (Member # 4559) on :
 
$3.45 @ Shell as of this morning.
Fort Wayne, IN.
 

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Posted by 532Fastback (Member # 1482) on :
 

quote:

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Originally posted by iceman302:

quote:

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Originally posted by 532Fastback:

quote:

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Originally posted by iceman302:

quote:

---

Originally posted by iceman302:
The fact of the matter is that there is a lot more going on than supply and demand. With the higher prices, the demand for oil has actually reduced for the first time in more than a decade. The supply/demand price of oil is right at $65-$70 a barrel... exactly where it was about a year ago. Nothing in the world has happened on the supply or demand side to double it in a year's time. The main problem is speculation. The weaker dollar is also causing gas prices to spike as it becomes cheaper for investors in countries with stronger currencies to buy oil. BTW, the inflation derived price of a gallon of gas going back to the 60's is $2.21 (excluding the increased world demand). I also predict that oil will be back under $100 by the end of the year.

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I'm a bonafide Nostradamus! And over 3 months ahead of the end of the year.

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my prediction is oil prices wil go back over 100 and gas prices will go back up to 4.00 a gallon after nov 3rd.

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Not likely. The US accounts for 25% of the world's consumption of oil. From November of '07 to May '08, 40.5 BILLION fewer miles driven by US consumers. That figure has been revised up since then. Demand was down 7% in September this year compared to last year... a difference of nearly 1.5 million barrels a day.

The slump in energy demand has accelerated beyond the U.S. In India, domestic oil product sales totaled 2.41 million barrels per day in August, the lowest level this year, according to Barclays Capital research. In the same month, Japan's oil demand fell by 8.4 percent.

I think that it will probably trade in the mid to low 80's by the end of the year now.

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quote:

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Originally posted by AL STOCK:
I don't know about you guys, i just passed by a Chevron that's $3.70 per gallon.

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